How REALTORS® Are Paid
You may rely upon the expertise of a Realtor to help you buy or sell a home – but you may not know how your Realtor is compensated for their professional service.
Seller Pays the Commission to the Listing Broker.
And then the total commission is split 4 ways
between the listing and selling brokers
and the representing Realtors.
Listing broker splits with the Listing realtor.
Selling broker splits with the Selling realtor.
Did you know:
- Realtors are only paid for their results– if and when they successfully close a property transaction.
- Realtors have ongoing out-of-pocket expenses similar to those of any small business. Expenses such as insurances of all kinds, Continuing Education, licenses fees, membership fees, bookkeepers, office supplies and overhead.
- Marketing expenses such as professional photography, printing and advertising associated with selling each property.
- Signage of many sorts.
- And lots of gas too :)